Nigel Farage Message To Europeans: "Get Your Money Out While You Can"

In Nigel Farage's first TV appearance since the Cypriot wealth tax was announced, the Englishman pulls no punches. In all his years and all his experience of the desperation of the European Union's leadership "never did [he] think they would resort to stealing money from people's savings accounts." The simple fact is that they know they cannot let any country leave, no matter how small, for "once one country goes, the whole deck of cards will come tumbling down." There is now "clear irreconcilable differences" between the North and the South of Europe and now that they have done this in one country, "they are quite capable of doing it in Italy, Spain and anywhere." The message that sends to people is "get your money out while you can." As far as his British constituents, he strongly recommends George Osborne (UK Chancellor) urge ex-pats to remove all their money and do monthly transfers from home. "Do Not Invest In The Euro-Zone," he concludes, "you have to be mad to do so - as it is now run by people who do not respect democracy, the rule of law, or the basic principles upon which Western civilization is based."

"They are propping up a Eurozone that, in the end, will collapse in disastrous failure and they are prepared to do anything to do so."

Bernank will give the orders soon to regroup, and focus Fed efforts on propping up the Dow.

It's easier to deploy all the King's fiat to attempt to ensure that such a 30 company index that is a shining beacon & symbol of prosperity & justice for all is either reported on as being "green," or in worst case scenarios, only modestly "red," by sheeple-vision anchors that are Brian Williams, Ali Velshi, Rachel Maddow & Shep Smith, et al.

Massive ammounts of make-believe ethereal wealth sloshing around in a make-believe ethereal system trying to find a safe place to land................this can only end one way. When the music stops, there wont be enough chairs............Hold something physical...............Even pirates need someone to trade with, and we dont care much for paper or electronic digits. :)

P.S. get a gun...........We tend to trade more honestly if you are armed. :)

I implore all to read the following, which was posted at The Economic Populist, and written by Numerian; it's one of "those essays" that is highly accurate in its analysis, and illustrates perfectly how the Ben Bernankes of the central banks around the globe are now on the cusp of destroying the current economic & monetary system (assign your own reasons to their actions or motives):

You mean that you actually have to have some sort of plan to blow up a system that is predicated on perpetual growth on a finite planet and operates with pieces of paper? that isn't enough to blow things up?

Everybody's future is sealed . . . . unless those brave voices like Nigel Farage and others like him keep getting the word out so that just maybe the stupid public (especially in America) might finally get a clue.

They have been robbed all their lives. Do they want that to continue or not ?

May be it is a good time to ask a very simple question: how could a poor country as Cyprus have more than $60B in local citizen deposits? May be Cyprus government shall stop offering its citizenship to mafia & gangster members from all around world? Cyprus and its government were/are involved in criminal enterprise and its citizens must pay price for it.

So, it is the time to stop feeling sorry for thieves and gangsters losing some of their ill-gained money and “poor” citizens who happily benefited from these hot money.

The return to fundamentals. The 3 "C"s of lending money: Collateral, Credit, Capacity. Did Cyprus ever have these? With the acceptance of ill gotten gains they extended that philosophy to the lending practices. Easy come easy go. The prostitution and drug Tzars want a good return on their investment so we have to take the high risk. then the Tzars came back for their capital and the gains. The banks of Cyprus could not fork it over. The rest you can figure out for your self.

The UK comes especially to mind. Lots of money laundering, dirty money from Russia and the Middle East, etc., whatever it takes to keep things rolling in the face of a deficit that is reputed to be 900% of GDP.

But, to say that average, prudent savers should be penalized is crazy and sets a terrible precedence.

I'm hoping you got down votied in a shoot the messenger type way, Because 7 guys getting killed in training is significant in my book. Conflicting stories about what happend. Either way - 7 guys are dead and that aint good.

WARNING: If you have not already made the preparations as has been outlined here and on other sites, I'm sorry to say, you have not much time to finish now. The clock is ticking.... whispers of 3/25 as the "peace deal" offering... Best to all my fellow Hedgers!!

The process has some time to go from here. What we're seeing is a slower conditioning of the population to accept their impotence - think Gitmo-style torture, the objective of which is to induce "learned helplessness" in the captives.

The elites are tired of having to deal with the whole "confidence and trust of the population" issue. They are in no hurry to deal with full scale revolt or civil disorder.

They still have time to get everyone used to the fact that they have no where to run, no place to put their savings, and, after the destruction of faith, nations, communities, and youth, nothing that they much care about any more anyway.

There will be no Reset, no great Preference Cascade, no ripping off of the Mask.

Only incremental destruction of the ability of ordinary people to accumulate wealth - an area denial of any kind of store of value. With this destruction comes the destruction of freedom.

No need to build walls or errect fences if the only function of "money" is as a very temporary unit of exchange; without the ability to store value and accrue wealth, all actions become dependent on the position one holds in the New Order. Nothing else will matter. And for the vast majority of people, nothing will matter at all.

The dystopians among us don't have nearly cynical enough imaginations.

I think this is probably correct. The overall game here, despite contemporary dressing, doesn't change much throughout history. It goes:

1) Period of asset deflation that takes down everyone, big and small. VIPs get bailed out, everyone else goes underwater.

2) VIPs take on massive debt to buy up assets on the cheap. The population takes on massive debts to survive.

3) Once the VIPs have the hard assets (purchased with massive debts) and a critical mass of the population is in enough debt, they inflate the currency. The VIPs have consolidated more real assets, and the population doesn't really complain because inflation is good for debtors.

We are getting there, but we're probably not there yet. There are still enough non-VIPs who own real assets yet to be taken and savers who would be up in arms to be a problem for the elites. It's important to always remember how simple the game really is, and that is has been repeated throughout history. It lets you cut through parochial details of how exactly it's playing out this time to prepare for the endgame.

Just know that when they finally decide to wrap it up, you are going to be in the minority upset about it. Most people will be massively indebted and will be happy to see those debts vaporized through inflation. Most people will have their lifestyles propped up by state benefits, and will be happy that the state will have new spending power once the sovereign debt has been devalued.

The ultimate goal is to consolidate ownership of real assets, and then rent them back to their former owners. It's that simple. We wiped out the aristocracy during the Enlightenment, but it wasn't long before the most powerful merchants and bankers started making plans to start their own feudal system.

Exactly right. Plenty of early 20th century social critics from all sides (even polar opposites - Spengler and Mencken, for example) saw that democracy and plutocracy were synonyms. As should anyone who has read a lick of Greek and Roman history.

Gold is now, and always has been a protector of value. That you cannot see this is pathetic. Unfortunately you appear to be a well indoctrinated sheeple of the highest quality, always prepared to defend the government lie and propose the socialist order.

Just like Million dollar bonus, you fail to see the architecture in front of you. You are told that two plus two equals three and a half, and those whop refuse to believe it with you are proclaimed idiots.

Do you refer to facts? Is unemployment going higher in the Eurozone while they use a policy of austerity, while here in the U.S. easy monetary policy is used to keep the credit system functioning? I believe the U.S. policy has done better than Europe's, and I don't know how that fact can be contested.

Oh Krugster.. If we had let this thing wash out and let banks go belly up, we'd be back on the road toward prosperity by now. But NOOOoooooo, we had to let delusional bankers talk our feeble minded political heads that allowing them to pack on astronomical amounts of national debt will now only fix the problem, but also provide new resilience to lower and mddle classes and allow them to keep what they have, and make a shit load more to boot. I never could figure that one out; the super class gets to keep on keeping on on tha backs of the middle class, bit it's helping us. jeesh

we're fucking doomed. And I am oh so sorry to say, we fucking deserve it for allowing these bastards free reign over our banking system.

Dr. Paul Krugman: BEST TROLL EVRER ON ZH! Nobody else even close. No offense, MDB, but you're going to have to step up your game about 1000% to run with this maniac.

It's so much fun to pretend it's really him. Even more fun to watch people respond as if it actually is. And he knows right where to hit- start trash-talking gold in the middle of a thread about currency death, capital controls, etc. Well done. Polite golf clap to Fake Doc Paul. You make your mom proud. Something I'm sure she tells you every night before tucking you safely into your bed in your basement apartment under her house.

Guys...it's him. I have some personal knowledge that he has been on ZH for years. He used to go by the name "More Critical Thinking", and he probably relished the idea that everyone thought him a troll. His writing/comment style hasn't changed, and he's still making the same idiotic points of course...

That which cannot be sustained, won't be, period. I certainly don't wish for doom, but it would be nice to see some real consequences for bad behavior. You see, the problem with socializing the private losses of a few bad fucking apples is that now, even more people will starve. Nice work professor. You should be proud and you still haven't answered my question regarding the "price" of something required for your survival that I refuse to sell.

One does not always require credit to function in the medium of exchange between said buyer and seller. The credit that is outwardly being "supported" through additional credit is being used to support the most nonproductive class in our system through the demise of the poor and working class. Credit representing ones labor and effort in absence of capital is what the basis of this system has become and one's labor is now being sold off in the form of credit to keep those insolvent and over indebted floating, or at least appear to be so. It's an illusion where the true productive class is submerged and those creating the credit are just standing on the corpses.

Therefore; while I agree that the lower and working class should be cared for I disagree with the idea of keep anyone floating at the sake of another. Productive capital is being allocated to nonproductive sectors at the peril of anyone not connected to the financial dictators.

THIS is also true. "Cyprus should revert to sea shells" is not some pie in the sky idea.'"once the peace craze blows over" (never) "then the can let someone else be their banker." the idea that they want one in the first place is as ridiculous as them saying "they have one." Long bulldozers..and the God Dozer!

OK, I'll junk; but only because I think you asked for it. Let's see if it works for me.

The world is controlled by a Jewish banking cartel that propagates their supposed Jewish superiority by loaning others fiat monies. This fiat money costs them nothing and they use it to enslave most of the world in financial subservience.

We need to start with a functioning guillotine system to inject a little creative destruction into the system. After the herd is culled of the criminal element perhaps we can return to a system based upon real value rather than crony fraud. Then the parasite class can finaly be detached from the host organism that it is destroying.

Krugster,.. you are disregarding a need for efficient use of limited resources in the economy. Economy is not a 2 dimensional organism, it moves in various directions to find equilibrium under fair and simple laws. Europe should be selling off like crazy now, but that devaluation is seen as competitive advantage by the FED and so it will make sure to keep parity.

You call him prof but this is obvious a delusional fan of krugman and not krugman himself. Either that or some troll with too much time on his hands. Not even krugman would post in such a ridiculously ignorant manner. In fact I doubt Krugman posts comments on the internet at all. He is not known for actually talking to his opponents unless he can make money from doing so.

I use Zero Hedge as a news source - sometimes contrary - as many do, and decided awhile ago it would be a good place to educate the gold bugs by showing them facts, and sharpen my rhetoric since so many people have placed a target on my back.

"The Wall Street Journal is read by the people who run the country. The New York Times is read by people who think they run the country. The Washington Post is read by people who think they ought to run the country. USA Today is read by people who think they ought to run the country but don't understand the Washington Post. The Los Angeles Times is read by people who wouldn't mind running the country if they could spare the time. The Boston Globe is read by people whose parents used to run the country." -- The Nation magazine

>>>>>>>>Some of us want to see everything we have worked towards continue to glimmer; we want a functioning society now and into the future.

Really? REALLY! That glimmer has been working great for about 1% of psychopathic satan worshiping pedophiles. Not so much for everyone else the past 30 yrs. You've been sniffing too many elderberries, Mr. Snarkey Deathpanels.

Dr. krugman you are personally responsible for these problems by giving the elected officials a false belief that this county can live be on its means. also all the staving people around the world created by the inflation of our QE programs. also the generation of retired people who saved for their retirement and are being destroyed by zirp. how about those problems will you man up and admit to those problems you help created

Are you refering to pensioners? Annuitants? Supporting asset prices is a fundamental rule of economics so that people have an income relative to cost. I bet you think we should have let AIG, and other insurers, go under; now there would have been a grand plan to benefit retirees!

An article in Sunday’s New York Times on the behind-the-scenes dealings between Henry Paulson, treasury secretary under President George W. Bush, and Goldman Sachs, the giant investment bank Paulson headed before joining the Bush administration, sheds a measure of light on the corrupt relationship between government officials and the banks which underlies the multi-trillion-dollar bailout of Wall Street.

The article, based on Paulson’s official schedules for 2007 and 2008, obtained by the Times through a Freedom of Information filing, documents the close collaboration between Paulson and his successor as chief executive of Goldman, Lloyd C. Blankfein, in the course of the financial crisis of the past two years. It focuses on mid-September of 2008, the high point of the crisis, when the government decided to allocate $85 billion to bail out the failing insurance and financing firm American International Group (AIG).

The article makes clear that at the heart of the rescue of AIG was a decision to use taxpayer funds to cover dollar for dollar the billions owed by the insurance firm to Wall Street banks that held credit default swap contracts with AIG.

No firm was more exposed than Goldman Sachs, the biggest and most profitable of the Wall Street investment houses, which stood to lose $13 billion in credit default swaps and other derivative contracts with AIG.

As the Times notes: “All told, from Sept. 16 to Sept. 21, 2008, Mr. Paulson and Mr. Blankfein spoke 24 times. At the height of the financial crisis, Mr. Paulson spoke far more often with Mr. Blankfein than any other executive, according to entries in his calendars.”

The newspaper points out that, prior to receiving any waivers, Paulson played a key role in decisions that disproportionately benefitted his former bank. In addition to covering Goldman’s bad debts with AIG, these included the elimination of Goldman rivals Bear Stearns and Lehman Brothers (and subsequently Merrill Lynch), allowing Goldman to legally convert from an investment bank to a commercial bank—giving it more access to federal financing—and a Security and Exchange Commission ruling barring investors from betting against Goldman stock by selling it short.

the amount of money to bail aig and the banks did not help the little people. they are still paying 18+% on their credit cards. you keep refering to asset prices and cedit. you know as well as i do that its not credit call it by its correct name debt. and supporting asset prices above what the masses can afford puts them deeper into debt. also pension plans can not produce their 8 - 10% needed return without a great deal of risk. here is an idea how about across the board debt forgives. all credit cards, all car loan, all house morgatges, all student loans. how many trillions have already been given to banks to bail them out how about the same for the little people you know the ones you claim to want to protect

'Are you refering to pensioners? Annuitants? Supporting asset prices is a fundamental rule of economics so that people have an income relative to cost. I bet you think we should have let AIG, and other insurers, go under; now there would have been a grand plan to benefit retirees!'

Translation: 'I'm disinclined to acquiesce to your request'

. . . means 'no'. Krugman has never been one to apologize or admit they're wrong. That's simply not what nobel prize winners DO.

Exposed... perhaps he's THE KRUGS 15 year old 'houseboy' playing while Daddy is away? Afterall, having to listen to all that bollocks, night after night, lunchtimes, at his 'progressive' dinner parties, while constantly blowing him off, seems plausible when reading his comments.... thoughts?

We lost $800,000 when AIG's stock tanked. Golden parachutes all around except for the stock holders. You guys rig the game and the banks most always win. The little guy, well now he doesn't matter does he?

Actually the hedge fund elite is betting that AIG annuitants are going to get wacked, same thing with GNW. This is a goldbug´s best friend trade. Check Soros, and Zulauf. They expect a "Go-stop-Go" 70s style that is what soros said. And zulauf alos expects rapidly rising rates in 2-3 years. There is a always a cost, always. And Grantham said that the Fed is whipping a donkey as far as growth.

But if you understood the difference between money and credit you would not be imposter Krugman... you might be the real deal.

No Paul give the minions whatever they want so they never have to work, THINK or eat so we can have a functioning society..Does that make any sense to you? Clutch those dirty cocaine infested greenbacks so you can burn them like Zimbabwe, Germany, Argentina, Belarus, Bolivia, Brazil, Boznia, Bulgaria,Mexico, Peru, Russia, Poland, Turkey, Ukraine and 7 others...

You would rather people starve? - Quite the contrary, I'm happy to freely help others with my own resources; you wish to do so using other peoples money under threat of force.

You would rather the system collapse? - You miss the point, it already has.

You want a scortched earth policy, and hope that clutching some shiny rocks will save you. - Amazing how arrogant you are to suppose you know my "wants", oh and you forgot "clutching my guns and bible" too. You, sir are an elitist snob!

Some of us want to see everything we have worked towards continue to glimmer - Yes indeed you must. A "system" of slavery for the ignorant masses and a life of luxury for the powerful and the mindless pundits who support the failed "utopian" vision.

we want a functioning society now and into the future - Your ideas and words suggest you're concept of functioning means only a select few are allowed the privilege of personal freedom, all others must bow to your wisdom and desires.

You, however, wish for doom - only for you and your kind Paul.

You must be depressed - not at all, thanks for thinking of me.

Maybe you need medication - Shit, I can't afford medication Paul, you've priced that out of reach; though I'm finding Hamms beer is just as good as that pricey Miller Light.

After three years of working on a penal farm in iron shackles, digging ditches with your bare hands while hungry Dobermans snap at your face, I think you'll find that 'econmics' was nothing but your deranged fantasy.